32-1-201. State banking board -- secretary -- meetings -- per diem. (1) The state banking board, created in 2-15-1025, shall elect a secretary from its members to serve at the pleasure of the board.
(2) In performing its functions, the board shall have use of the offices, equipment, and personnel of the department as it requires.
(3) The board shall hold meetings at the office of the department at dates and times set by the department. Special meetings may be called by the presiding officer at any time upon 3 days' notice to the members.
(4) A quorum for all meetings is a majority of the board members, and a majority of the quorum present at any meeting may take action.
(5) A board member may be removed by the governor without cause in any case.
(6) The board members shall receive compensation and travel expenses in the same manner and amount as provided for in 37-1-133 for boards allocated to the department of administration. The costs and expenses of the board are legitimate charges of the department.
History: En. Sec. 3, Ch. 420, L. 1973; amd. Sec. 11, Ch. 71, L. 1977; amd. Sec. 2, Ch. 453, L. 1977; R.C.M. 1947, 5-609; amd. Sec. 3, Ch. 274, L. 1981; amd. Sec. 6, Ch. 474, L. 1981; amd. Sec. 1, Ch. 9, L. 1987; amd. Sec. 7, Ch. 395, L. 1993; amd. Sec. 76, Ch. 483, L. 2001.
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